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TOP NEWS
POLICY & REGULATION
Dem Lawmakers Probe SEC On Brokerage AI Agents
By Sarah Jarvis
Democratic members of the House Financial Services Committee have urged U.S. Securities and Exchange Commission Chairman Paul Atkins to detail the agency's perspective on brokerage and investment advice provided through agentic artificial intelligence, saying agentic trading by retail brokerage platforms "raises serious questions for investor protection, broker-dealer responsibilities, market integrity, and the accountability of AI developers."
Letter attached |
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LITIGATION
Kalshi Sues Ill. Officials Over Sports Event Contracts Law
By Celeste Bott
Kalshi sued Illinois Gov. J.B. Pritzker and other top state officials in Illinois federal court Tuesday to block the enforcement of a new law that requires prediction-market exchanges offering sports event contracts to obtain an Illinois gambling license and comply with state gambling regulations, saying federal law preempts those requirements.
Complaint attached |
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EXPERT ANALYSIS
LEGAL INDUSTRY
Attys Urged To Challenge Clients Who Demand AI Research
By Aaron Keller
A Connecticut federal judge urged attorneys during a Thursday sanctions hearing to push back against clients who demand lawyers use generative artificial intelligence tools to conduct legal research, saying the technology is no substitute for professional judgment and discretion because it "aims to please" and can misstate the law.
2 documents attached |
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SCOTUSblog Founder Goldstein Blasts 'Inflated' DOJ Tax Math
By Jared Foretek
Convicted SCOTUSblog founder Tom Goldstein and federal prosecutors are clashing again over their dramatically divergent sentencing recommendations, with the defense accusing the government of presenting a "one-dimensional caricature" of the famed lawyer in seeking an eight-year sentence, and prosecutors accusing him of potentially deleting "secret chats" with his gambling backers.
2 documents attached |
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Quinn Emanuel Says 3M Fee Proposal Undervalues Its Work
By Carolina Bolado
Quinn Emanuel Urquhart & Sullivan LLP has objected to a special master's recommendation on the allocation of common benefit fees in the $6 billion settlement that ended multidistrict litigation against 3M over allegedly faulty combat earplugs, saying the amount doesn't value the "length, extent and impact" of the firm's work.
Memorandum attached |
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